MT. Gox apparently close to completing upgrade

Mt. Gox released an update via their website today that they are going to implement a 6-hour downtime on all Bitcoin deposits and internal Bitcoin transfers in order to implement their solution to the “transaction malleability” issue. The downtime is scheduled for 6pm ~ 12am JST (February 15th)”.

The announcement states that Mt.Gox’s solution would resolve the issue short term while the Bitcoin Core Dev team and the Bitcoin Foundation work on the long term solution. Read the release here. As the traditional market price leader for Bitcoin. The community is anxious to see if Mt. Gox’s Bitcoin price (now trading at about 60% of BTC-E) recovers once normal operations and Bitcoin withdrawing resumes.